Move makes cbs a full-service provider for innovative HXM solutions with SAP software
Singapore, May 8, 2023 – cbs Corporate Business Solutions has expanded and strengthened its portfolio in Human Experience Management (HXM) through the acquisition of consultancy projekt0708 GmbH. The successful Munich-based company (60 employees, founded in 2008) is a specialist in HXM solutions, including the cloud solutions SAP SuccessFactors and SAP Concur as well as the classic on-premise SAP HCM or H4S4 solution. The IT service and consulting company transforms, digitizes, and integrates HR processes with forward-looking HR/IT strategies, even across multiple systems. Employing state-of-the-art working methods and technologies, the company makes its customers’ HR processes fit for the future, putting HR in the driving seat of transformation within the company. Through this acquisition, cbs is significantly expanding its expertise in this area and becoming a full-service HXM provider. Human Experience Management (HXM) is the next generation of HCM solution, putting the employee experience front and center of modern HR work.
cbs’ goal is to become one of the top SAP partners for HXM in the DACH region. It intends to expand the specialized HR content within the SAP environment and bring more technical depth to the solutions. As a full-service provider, the Heidelberg-based consultancy can now offer its customers a 360° digitalization portfolio in the HR and travel environment and support industrial companies with end-to-end networked solutions.
CEO Rainer Wittwen: “Through the acquisition of projekt0708, we are continuing to write our success story and drive our growth. Together, we will help global market leaders take their next important strategic development steps. With NEXT ONE, we are creating the next generation of business solutions, including in Human Resources. With projekt0708, we have a great opportunity to better serve our customers and provide a more comprehensive offering in the complex area of HR.”
Jürgen Remmert, Executive Board Member and Head of HXM at cbs: “The move represents a big leap for HXM within cbs. The added expertise in SAP SuccessFactors in particular will give the existing HXM team a major boost, combining complementary capabilities from both companies for the benefit of our customers. We intend to systematically roll out the p78 service and app portfolio to all international cbs target markets and further expand the app solutions business.”
The trend is moving toward software-as-a-service solutions.
projekt0708 is to remain as an independent subsidiary. The seasoned management team is staying on to continue the success story into the future. According to Matthias Grün, CEO of projekt0708, “We are still projekt0708. At the same time, we are now part of a successfully managed global consultancy with an effective strategy, a strong long-term growth ambition, and a culture that is the perfect fit for us. The move enables us to create new development opportunities and career prospects and offer long-term stability and security. cbs has an excellent market position and, in the future, we will also have an opportunity to benefit from this.”
The race for talent is ongoing. Companies have no option but to headhunt potential employees rather than waiting for applications. As a result, many global players are professionalizing their HR processes and systems with a focus on differentiating elements in recruiting, onboarding, workforce development with learning management software, feedback, and performance rather than employee management.
To make fast progress in these areas, the trend is moving toward software-as-a-service (SaaS) solutions. The jewel in the crown of SaaS solutions, and the European leader, is SAP SuccessFactors. projekt0708 is not only an SAP Gold Partner and Microsoft Partner, but is also a long-established expert in SAP SuccessFactors, SAP Concur, SAP HCM and H4S4, specializing in the orchestration and integration of the solutions in hybrid system environments. projekt0708 also has extensive expertise in optimizing the user experience of business applications based on the latest SAP UI technologies, such as SAP Fiori/SAPUI5. The potential for HR and digitalization is tremendous. Market research company Gartner predicts that the European market for HXM solutions will grow from €5.3 billion in 2022 to around €7.4 billion by 2026.
The affiliation with the Materna Group, which employs more than 3,700 people at over 35 locations worldwide, opens up further synergy potential for the companies. Through the acquisition, the Materna Group is realizing its vision of a holistic portfolio on the subject of employee experience and human resources. Particularly in conjunction with Materna TMT, there is potential for refining HR processes through innovative software and services. As an EMEA elite partner of the enterprise service management platform manufacturer ServiceNow, the Materna subsidiary agineo also offers a wide range of cooperation approaches.